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HR 1041 104th Congress House Taxation Aliens Dividends Finance and Financial Sector Immigration Income tax Interest Law Mutual funds Real estate investment Tax exclusion Trusts and trustees

To amend the Internal Revenue Code of 1986 to provide an exclusion for all dividends and interest received by individuals.

Introduced: February 24, 1995 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 1995
Referred to the House Committee on Ways and Means.
Feb 24, 1995
Sponsor introductory remarks on measure. (CR E437)
Feb 24, 1995
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exclude from an individual's gross income: (1) dividends received from domestic corporations; and (2) interest.

What's happening now February 24, 1995

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Calvert, Ken
California · Apr 4, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1041: To amend the Internal Revenue Code of 1986 to provide an exclusion for all dividends and interest received by individuals.. 104th Congress. Open America. https://openamerica.io/bill/104-HR-1041/
MLA
"H.R. 1041: To amend the Internal Revenue Code of 1986 to provide an exclusion for all dividends and interest received by individuals.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-1041/.
Bluebook (legal)
H.R. 1041, 104th Cong. (2026), https://openamerica.io/bill/104-HR-1041/.
Markdown link
[H.R. 1041: To amend the Internal Revenue Code of 1986 to provide an exclusion for all dividends and interest received by individuals.](https://openamerica.io/bill/104-HR-1041/)
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